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MoneyMatthew

Registered: Jul 2007
Posts: 54

08-31-12 07:41 PM

I want to get a check next month. Is the amount based on how far you are above the initial deposit/capital contribution or is it based on the amount you are up for that month?

Thanks.

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MoneyMatthew

Registered: Jul 2007
Posts: 54

08-31-12 07:47 PM

I had a bad first month in July and a profitable (by minimum wage standards) August. I hope the prop firm payout is based on how well I do for that month..otherwise I probably have 2 more weeks of account repair.

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Don Bright
Bright Trading, LLC

Registered: Oct 2001
Posts: 11698

09-01-12 02:21 AM

Not sure who or actually what you're asking. Our traders can draw profits every week if they like. Why are concerned about your own money?

Or, are you under salary somewhere, in which case you should know all this ahead of time....???

Don

__________________
Don Bright (not an alias)
Bright Trading, LLC
http://www.stocktrading.com

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MoneyMatthew

Registered: Jul 2007
Posts: 54

09-01-12 03:43 AM

Thanks for the reply Don,

I'm with WTS so my money is locked up for a year. I was just wondering how payout is determined on a monthly basis.

I called the WTS mainline to get an answer and I was told a trader can take any profits above their initial deposit/capital contribution amount.

I was under the impression originally that monthly profit withdrawal is based on how much you make for that month.

I had a bad July but an alright August. So I am down overall in my account value but up for the month of August. I wanted to know if I can get a check based on the results of August alone.

I will need to call again Tuesday to get a better answer. I was hoping to get a reply on here from someone at WTS or in a similar situation.

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hitnrun

Registered: Sep 2011
Posts: 514

09-01-12 05:10 PM

You can Only take profits above your risk capital amount that is locked up

the way it works with WTS & the majority of registered prop firms

the firms have to protect themselves against any trading losses , now its a rule with lockups with most firms

FYI
All money that you deposit in your account is locked up for 1 year & you can only withdraw profits above that total dollar amount

build your account with profits is the smart idea , rather then add more money unless you have to with taking drawdowns

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MoneyMatthew

Registered: Jul 2007
Posts: 54

09-01-12 05:27 PM

Thank you hitnrun.

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